Indices are displaying "TAPE of strong bull market"......
Sharp pullback yesterday & back to bull charge right @ open.
Jobless claims keeps getting lower & lower, US economy coming back hard, great for bull market.
S&P 500 sitting @ high of the day @ 1358.25, RSI 69.39
Internals are positive by minimum 2 to 1..
Oil UP 61 cents
Gold Down $2.80
Canadian $ UP 45 tick @ 100.41
VIX Down 7.52% @ 19.55
Portfolio is AMZN,CNQ,RIMM,RVBD
Most stocks are UP
@ 1.50 following are down :
AMZN,OTEX,CLF,CF,COH,LEN,
NTES,FIO,MA,V,JCP,ARUN....
BIDU reports AH, as usual expecting a beat & guide UP.
BLOG does NOT give buy or sell.
Saleem
7 comments:
Saleem
AMAZON sure is giving us a run for the money
APPLE is doing me ok for now bought it for $506.
RIMM up 4% hoorah
C
Hi C,
AMZN should be OK now.
Your copper was FLYING on high volume.
Nice Day$$$$$
Saleem
I sold amazon 4 days ago when it hit $187 and then I bought it again today at $177, Saleem I think you are right when you say buy on the dips, I was thinking I shouldn't have sold 4 days ago because the next day it went up 3%, but now I am happy I did.
The market seems to be very strong.
what do you think of MCP? Anyone
Hi Bert,
Good moves in AMZN by you...idea is to make money..how is left to individual traders.
I think this is my 3rd or 4th trade in AMZN..first 3 profitable...
Saleem
Hey Bert,
Although the rare earth metals prices are down massively since the summer, I still find value in the rare earth group through GWMGF. As for MCP, the valuation is not really compelling, but the short interest and negative sentiment could definitely set up a nice trade. Additionally, MCP is frequently the subject of buyout rumors.
Stocktrader
Thanks I will Check out GWMGF
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